The Mortgage Approval Process in Canada - What No One Ever Tells You!

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Important Information About the Mortgage Approval Process in Canada that no one ever tells you as a first time home buyer!

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Understanding how the mortgage approval process works is key to protecting yourself as home buyer. Finally, being confident that the mortgage you apply for will be approved is critical.

A mistake made due to lack of experience or lack of effort can cost you a home or worse, get you in legal trouble. Understanding how the mortgage process works will ensure you aren't caught off guard by any unsuspecting surprises!

For more information check out the following articles:

20 Questions to Ask Your Mortgage Broker: https://thevillageguru.com/20-importa...

What's the Difference between and Fixed and Variable Mortgage:
https://thevillageguru.com/fixed-or-v...

The Mortgage Approval Process in Canada - What No One Ever Tells You!

0:37 - Getting a Mortgage Pre-Approval

1:23 - Get an offer accepted on a home

2:10 - Mortgage Commitment Letter

2:36 - The Appraised Value of a home that you buy and the Importance of understanding the property appraisal

3:33 - Mortgage Lender Commits

4:21 - What happens if a home buyer waives their condition on financing and then the home appraisal comes back lower?

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Contact:
Jeffrey O'Leary, Mississauga Real Estate Broker
Better Homes and Gardens Real Estate Signature Service
186 Robert Speck Parkway, Mississauga, ON, Canada
1-905-896-4622
http;//www.thevillageguru.com

Contact Jeff: https://bit.ly/2P9ObcU

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